Clarcor Q1 Profit Meets Estimate; Backs FY15 View

(RTTNews) - Clarcor Inc. (CLC) reported net income for the first quarter of $26.7 million or $0.53 per share, compared to $24.3 million or $0.48 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $26.7 million or $0.53 per share, compared to $26.5 million or $0.52 per share in the prior year quarter.

Net sales for the first quarter rose 12% to $351.1 million from $312.7 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.53 per share on revenue of $354.83 million for the first quarter.

The company affirmed its prior fiscal year 2015 guidance of earnings per share of $3.15 to $3.35 and net sales of $1.62 billion to $1.65 billion.

Analysts currently expect the company to earn $3.22 per share on revenue of $1.63 billion for the fiscal year 2015.